CAE (TSE:CAE) Upgraded to “Buy” at Desjardins

Desjardins upgraded shares of CAE (TSE:CAE) (NYSE:CAE) from a hold rating to a buy rating in a report published on Tuesday,BayStreet.CA reports. The firm currently has C$40.00 price target on the stock, up from their previous price target of C$32.00.

Several other equities research analysts also recently commented on the company. National Bankshares lifted their price objective on CAE from C$30.00 to C$34.00 in a report on Wednesday, November 13th. Royal Bank of Canada raised their price target on shares of CAE from C$27.00 to C$34.00 in a report on Thursday, November 14th. BMO Capital Markets boosted their price objective on shares of CAE from C$33.00 to C$38.00 and gave the company an “outperform” rating in a report on Monday. CIBC raised their target price on shares of CAE from C$33.00 to C$37.00 and gave the stock a “neutral” rating in a report on Monday. Finally, Canaccord Genuity Group lifted their target price on shares of CAE from C$28.00 to C$30.00 in a research report on Thursday, November 14th. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of C$34.94.

CAE Price Performance

Shares of TSE:CAE opened at C$35.73 on Tuesday. The business has a fifty day moving average price of C$29.67 and a 200-day moving average price of C$26.50. The company has a debt-to-equity ratio of 74.24, a current ratio of 0.89 and a quick ratio of 0.71. The company has a market capitalization of C$11.39 billion, a PE ratio of -33.39, a PEG ratio of 1.76 and a beta of 1.91. CAE has a 1-year low of C$22.28 and a 1-year high of C$35.75.

CAE Company Profile

CAE Inc, together with its subsidiaries, provides simulation training and critical operations support solutions in Canada, the United States, the United Kingdom, Europe, Asia, Oceania and Africa, and Rest of Americas. It operates through three segments: Civil Aviation, Defense and Security, and Healthcare.